The amendments in the new Bill point towards a policy objective of attracting global capital and business activity into India, say experts. Read full report here

Recode Studios, one of India's fastest-growing beauty brands, has strengthened its omnichannel retail footprint with the launch of seven premium retail kiosks across six big Indian cities. Set up in some of the busiest shopping hubs, this move feels like another real step in the brand's overall plan to bring its beauty range closer to more people while also upgrading the whole in-store feel for customers.

The new kiosks are placed smartly at Omaxe Chowk, Chandni Chowk (Delhi); Pacific Mall, Subhash Nagar (Delhi); Pacific Mall, Dehradun (Uttarakhand); Avani Riverside Mall (Kolkata, West Bengal); Omaxe Mall (Greater Noida, Uttar Pradesh); Pacific Mall (Faridabad, Haryana); and Mohali Walk (Punjab).

Designed to offer customers an immersive kind of experience, these kiosks highlight Recode Studios' broad selection of beauty and personal care essentials, so consumers can browse, try out, and buy with less friction. Beyond that, the expansion also boosts the brand's offline visibility across high-traffic retail locations, while still matching its growing digital ecosystem.
 

Dhoot Transmission, one of India's leading electrical and electronics companies, designs and manufactures wiring harnesses, sensors, controllers, switches and battery packs for automotive and non-automotive applications. Its products cater to both internal-combustion-engine and electric vehicles.

Here are 10 key highlights:

Strong revenue growth
Revenue from operations increased from Rs 2,797.73 crore in FY24 to Rs
Rs 3,444.86 crore in FY25 and Rs 4,524.96 crore in FY26. This represents year-on-year growth of 31.35% in FY26, following 23.13% growth in FY25, demonstrating sustained business momentum.
Healthy growth in operating profit
EBITDA rose from Rs 512.40 crore in FY24 to Rs 590.96 crore in FY25 and Rs 710.99 crore in FY26. The company continued to deliver double-digit operating profitability while expanding its revenue base.
Consistent profitability
Profit after tax increased from Rs 298.75 crore in FY24 to Rs 353.89 crore in FY25 and Rs 396.84 crore in FY26, translating into a two-year CAGR of 32.84%. The company recorded a PAT margin of 8.70% in FY26.
Leadership in wiring harnesses
Dhoot Transmission held a 37.58% share of India's two-wheeler wiring harness market in FY26, ranking among the top two players. It was the market leader in three-wheeler wiring harnesses, with a market share exceeding 70%. Across two- and three-wheelers together, its market share stood at 41.03%.
Exposure to India's large two-wheeler market
Two-wheelers contributed Rs 2,962.70 crore, or 65.47%, of FY26 revenue. Revenue from this segment increased from Rs 1,805.28 crore in FY24 and Rs 2,304.91 crore in FY25, highlighting the company's scale in India's largest automotive segment by volume.
Positioned for vehicle electrification
Approximately 95% of the company's automotive product portfolio is either EV-focused or powertrain-neutral, allowing its products to be deployed across ICE, hybrid and electric vehicles. EV-linked revenue accounted for 24.17% of total revenue in FY26, compared with 16.19% in FY24.
Diversified product portfolio
While wiring harnesses remain the core business, their contribution declined from 81.93% of revenue in FY24 to 77.08% in FY26. Revenue from other products including battery packs, sensors, electronic controllers and automotive switches grew to Rs 1,037.23 crore, accounting for 22.92% of FY26 revenue.
Large manufacturing footprint and high utilisation
Dhoot Transmission has built a broad manufacturing and logistics footprint that provides proximity to major automotive clusters in India and key overseas markets. As of March 31, 2026, the company operated 22 manufacturing facilities, supported by three engineering and design centres and seven warehouses. This network has since expanded to 23 operational manufacturing units across India and international locations. With two additional plants currently under construction in India and the required licences and approvals being pursued at the appropriate stages, the company is further strengthening its capacity to support future demand and deepen customer access.
Marquee customer relationships
Dhoot Transmission serves prominent automotive manufacturers, including Bajaj Auto, TVS Motor Company, Honda Motorcycle and Scooter India and Royal Enfield. Its top five customers contributed 71.56% of FY26 revenue, reflecting deep relationships with major OEMs, although this also indicates customer-concentration risk.
Improving leverage and calibrated capital expenditure
The company moved to a net cash position, with net debt-to-EBITDA improving from 1.29 times in FY25 to negative 0.25 times in FY26. Meanwhile, net capital expenditure declined from Rs 384.89 crore in FY25 to Rs 328.18 crore in FY26, or 7.25% of revenue, suggesting improving cash-generation potential after recent investments.
Dhoot Transmission combines market leadership, strong revenue and profit growth, an established OEM customer base and exposure to vehicle electrification.

QubeHealth-Pay ("Qube"), the healthcare financial infrastructure platform, today announced a strategic partnership with Petos Insurance ("Petos"), a pet health insurance and wellness platform in India.

Under the partnership, QubePay will be deeply integrated inside the Petos app and will power 'Petos Pay', and is live for all of its customers. Pet parents holding Petos Insurance can now use QubePay's payment rails to pay veterinary bills at clinics and hospitals, earn healthcare-linked cashback on that spending, and access Qube's broader healthcare affordability tools in addition to the pet health insurance and wellness benefits already offered through Petos.

The partnership extends a principle Qube has applied to human healthcare in India - that insurance alone does not solve the day-to-day cost of care- to pet healthcare, a category with similarly high out-of-pocket spending and limited financial infrastructure built around it.

Ravi Singh, Chief Research Officer from Master Capital Services

Juniper Green Energy Limited made a positive market debut, listing at Rs 245 on the NSE, an 8.9% premium to its issue price of Rs 225. On the BSE, the stock debuted at Rs 242, at a premium of 7.6%. The company incorporated in 2011 and ventured into the renewable energy industry in 2018. It is one of the top 10 renewable independent power producers (IPPs) in India in terms of total capacity. It builds, operates and maintains utility-scale renewable energy projects using its in-house EPC and O&M teams. As of June 30, 2026, its portfolio included 7,910.20 MW across solar, wind, wind-solar hybrid (WSH), and firm and dispatchable renewable energy (FDRE) projects with battery energy storage systems (BESS). The company has a strong presence in Gujarat, Rajasthan, Maharashtra and Madhya Pradesh with Rajasthan and Gujarat accounting for the bulk of its capacity. India's renewable energy industry benefits from increasing electricity demand, supportive government policies and abundant solar and wind energy sources. The country is the third largest producer and consumer of electricity in the world and is targeting to install 500 GW of non-fossil fuel capacity and produce 50% of its energy from non-fossil sources by 2030, through annual renewable energy bids of 50 GW between FY24 and FY28. Short-term investors may focus on quarterly earnings, trading momentum and updates on project execution. Medium-term investors may see if the company can execute projects on time and deploy IPO proceeds effectively. Long term investors may probably continue to monitor earnings growth and operational performance as consistent execution will be important to support the company's premium valuation.
 

Livlong 365, a digital-first health-tech and wellness platform, announces the launch of Livlong SurgiCare - India's trusted and dedicated surgery care coordination service designed to guide patients through their entire elective or planned surgery journey from diagnosis to recovery.

Each patient gets a dedicated SurgiCare Manager who handles everything from booking consultations and gathering medical reports to shortlisting hospitals and surgeons, managing admission and discharge, securing cashless insurance approval, and arranging post-surgery care such as nursing and physiotherapy.

Livlong 365, which aims to make preventive and primary healthcare more accessible and affordable in India, their new service addresses a problem familiar to Indian patients - the confusion and fragmented support that typically follows a surgery recommendation. Patients are often left to look for specialist referrals, hospital choices, cost estimates, and insurance paperwork on their own, while already dealing with illness. SurgiCare offers a single point of contact instead, built around four core features which includes pre surgery support, In Hospital navigation, claim assistance and Home recovery and follow ups backed by a network of accredited hospitals and surgeons.

Shriram General Insurance Company (SGI) delivered a strong start to FY27, outperforming the industry across its key business segments. The company reported a 23% year-on-year increase in Gross Direct Premium (GDP) to Rs 1,180 Cr in Q1FY27, compared with Rs 960 Cr in the corresponding quarter last year, significantly ahead of the industry's 11% growth.

Motor insurance, which is the core of SGI's business, led its growth in the first quarter, expanding by 25%, which comfortably surpassed the industry's 14% growth. The personal accident portfolio matched the industry's strong 47% growth.

SGI's focus on profitable growth continued delivering results, with net profit rising 5% year-on-year to Rs 131 Cr in Q1 FY27 from Rs 125 Cr a year ago. Furthermore, the company reported a strong solvency ratio of 3.02 as of June 2026, which is well above the regulatory requirement of 1.50, indicating its strong financial reserves.

SGI's distribution network that expanded under the phygital model was the key growth driver, enabling onboarding of 5,176 new financial advisors during the quarter, an 8% increase over the corresponding period last year, taking its total advisor strength to 1,10,102.

Key Takeaways 

- The crypto market recovered 8.0% to US$2.29T as ETF flows turned positive for the first time since early May, though still at a fraction of June's record exit. A 9-3 hawkish hold and renewed Hormuz disruption capped the rebound, making July a consolidation rather than a full-fledged recovery. Looking ahead, the market is mainly watching whether the Fed raises rates in September, whether crypto ETFs keep attracting money, and whether the CLARITY Act makes progress before Congress goes on break around August 7. 
- TradFi perps bring continuous hedging to the long tail of stocks that traditional markets never covered. On Binance itself, coverage has expanded from 1 ticker in January to 149 today. This product expansion has pushed TradFi perps from 2.7% to 28% of Tier 1 crypto-exchange futures volume in seven months, with Binance holding roughly 59% of the category. 
- bStocks have gone from a standing start in early June to over US$500M in market capitalization by July 31, roughly a quarter of the tokenized-stock market and about  68% of the sector's growth over the period. Its rapid uptake is underpinned by 24/7 trading with instant conversion to the underlying equity and a young and diverse user base. 
- Retail dominates bStocks arbitrage by headcount: 4,777 users participated with nearly US$1.25B in matched volume, but 518 systematic arbitrageurs drove the bulk of the activity, capturing US$1.7M in spread PnL at 2-minute median execution speed. 
- Binance Equity Weekly Fund Flow's interpretation generally held up well, with the one-week catalyst-to-flow lag supported by quantum inflows rising 4x, TSMC-linked flows rebounding 29x, and memory weakness preceding a 97% flow collapse.

Anil Pharande, Founder & Chairman, Pharande Spaces

The RBI's unanimous call to keep rates at 5.25% is kind of a welcome sign of stability for the real estate space. With no EMI jump coming into the picture, homebuyer mood stays guarded, particularly in the affordable along with mid-segment buckets. This little status quo gives fence-sitters that extra confidence to wrap up purchases in the middle of the ongoing festive stretch, without feeling like borrowing costs might creep up. Still, developers cannot get comfortable, because even though rates are steady the input costs are moving higher. So these pressures need to be absorbed from inside rather than just pushed onto buyers, so that affordability stays in place more or less, not gets diluted.

Aman Gupta, Director of RPS Group

In luxury and commercial real estate, the repo rate hold is almost beside the point, really-those buyers aren't that EMI-sensitive, they're more into capital growth and rental yields, that kind of thing. The real headache feels more like global uncertainty, and how it spills over into foreign institutional buying. Since rates are steady for now, we could see NRIs still channeling money into Indian real estate, attracted by reasonably stable outcomes. But developers have to keep an eye on the core inflation trail, very carefully; if it firms up, then the next move may get more hawkish, not softer. For now this pause helps us introduce fresh inventory, without that annoying distraction from loan rates that keep wobbling.

Juniper Green Energy has already made its stock-market debut. Shiprocket is knocking on the doors of Dalal Street. Read full report here

Shriram General Insurance Company (SGI) delivered a strong start to FY27, outperforming the industry across its key business segments. The company reported a 23% year-on-year increase in Gross Direct Premium (GDP) to Rs 1,180 Cr in Q1FY27, compared with Rs 960 Cr in the corresponding quarter last year, significantly ahead of the industry's 11% growth.

Motor insurance, which is the core of SGI's business, led its growth in the first quarter, expanding by 25%, which comfortably surpassed the industry's 14% growth. The personal accident portfolio matched the industry's strong 47% growth.

SGI's focus on profitable growth continued delivering results, with net profit rising 5% year-on-year to Rs 131 Cr in Q1 FY27 from Rs 125 Cr a year ago. Furthermore, the company reported a strong solvency ratio of 3.02 as of June 2026, which is well above the regulatory requirement of 1.50, indicating its strong financial reserves.

Arisinfra Solutions Limited (NSE: ARIS | BSE: 544419) today announced its unaudited consolidated financial results for the quarter ended June 30, 2026.
The Company delivered a strong start to FY27, with broad-based growth across revenue and a sharp improvement in profitability, reflecting the strength of Arisinfra's integrated, asset-light business model, disciplined execution and an improving revenue mix.
Growth during the quarter was supported by increasing contribution from Contract Manufacturing and Developer-as-a-Service (DaaS), deeper customer engagement, and continued investments in technology-led procurement and execution.

Key Highlights - Q1 FY27

Revenue from Operations: Rs 2,908 Mn, up 37.1% YoY
EBITDA: Rs 305 Mn, up 67.6% YoY
EBITDA Margin: 10.49%, compared with 8.58% in Q1 FY26
Profit Before Tax: Rs 267 Mn, up 323% YoY
Profit After Tax: Rs 200 Mn, compared with Rs 51 Mn in Q1 FY26
Diluted EPS: Rs 2.05, up 279.6% YoY, compared with Rs 0.54 in Q1 FY26
Business Mix: Contract Manufacturing and Services contributed 63% of revenue, compared with 49% a year ago.

Avinash Shekhar, Co-Founder & CEO, Pi42

"Bitcoin continues to trade around the $64,500 mark, signalling a market that is searching for its next catalyst rather than chasing momentum. While price action has remained relatively range-bound, the underlying narrative is becoming increasingly interesting. Fresh institutional activity in Ethereum reflects that sophisticated capital is quietly positioning itself for the next phase of the digital asset cycle. At the same time, XRP presents a tale of two markets, where institutional infrastructure and adoption continue to strengthen even as short-term price action remains subdued. This divergence between fundamentals and market sentiment is often where long-term opportunities begin to emerge.

What stands out today is that capital is becoming far more selective. Instead of chasing every rally, investors are increasingly rewarding projects with clear utility, growing ecosystems and sustained institutional participation. This is a market where conviction matters more than excitement. Investors should avoid reacting to every headline or short-term price swing and instead use periods of consolidation to gradually build exposure to fundamentally strong assets through a disciplined, staggered approach. In the coming months, patience and quality are likely to outperform impulsive trading."

Cantabil Retail India Limited (CRIL / Company), one of India's leading integrated retail players with pan India presence declared its Financial Results for the quarter ended June 30, 2026. CRIL with over 3 decades presence is in the business of designing, manufacturing, branding and retailing of apparels under the brand name of CANTABIL.

Standalone Performance highlights for Q1 FY27

Revenue from Operations for Q1 FY27 grew by 13% to Rs 178.8 crores as compared to Rs 158.7 crores in Q1 FY26.
EBIDTA for Q1 FY27 grew by 21% to Rs 59.4 crores as compared to Rs 49.0 crores
in Q1 FY26. EBIDTA margin for Q1 FY27 improved to 33.2% as compared to 30.8%
in Q1 FY26.
PAT for Q1 FY27 grew by 11% to Rs 16.3 crores as compared to Rs 14.7 crores in Q1 FY26. PAT margin for Q1 FY27 stood at 9.1% as compared to 9.2% in Q1 FY26.

Commenting on the results and performance, Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India Limited said: Financial Year 2026 marked a year of record performance for the Company, driven by strong execution, expanding market presence, and sustained consumer demand across our product portfolio. Building on this foundation, we have entered FY2027 with renewed momentum, delivering a strong Q1 FY27 that underscores the resilience of our business model and the effectiveness of our long-term growth strategy.

GE Vernova T&D India Limited (NSE:GVT&D) reported on Aug 5, 2026 its financial results for the first quarter ended June 30, 2026. 

For the first quarter (April 1, 2026 - June 30, 2026)  
- Revenue was INR 18.4 billion, against INR 13.3 billion in Quarter Ended June 2025, up 38% YoY 
- EBITDA was at INR 4.6 billion (25.1%), against INR 3.9 billion (29.1%) in Quarter Ended June 2025, up 19% YoY 
- Profit After Tax was at INR 3.6 billion (19.8%), against INR 2.9 billion (21.9%) in Quarter Ended June 2025, up 25% YoY 
- Order bookings were INR 11.4 billion, against INR 16.2 billion in Quarter Ended June 2025, down by 30% YoY 

Key Wins in first quarter (April 1, 2026 - June 30, 2026)  
- Secured multiple orders for supply of CTs and CVTs from GE Grid Renewable LLC for North America. 
- Secured order for supply of 400 kV GIS from GE Grid Solutions, S.A. for Spain. 
- Secured order for 150 MVA 245 kV transformer from a leading semiconductor player. 
- Secured multiple orders for supply of Grid Automation packages from state utilities, EPCs and data centers. 
- Secured order for supply of 400 kV GIS from GE Grid Solutions, Middle East for Morocco. 
- Secured multiple orders for 765kV/400kV AIS equipment from multiple EPC players. 
- Secured multiple orders for export of AIS/GIS equipment to North America, Europe, Middle East and Africa. 

Operational Highlights of Q1, Financial Year 2026-27 
- Successfully commissioned 400 kV bays for Adani KPS-3 and RTM package at Khavda, Gujarat. 
- Successfully commissioned 400 kV and 220 kV GIS bays with power transformers for NEA Khimti Site in Nepal. 
- Successfully commissioned 275 MVA 765 kV for UPRVUNL, Ghatampur project.  
- Successfully commissioned 765 kV and 400 kV Shunt Reactors for multiple locations of PGCIL and Resonia.  
- Successfully commissioned GIS bays for Renew Power and DVC at Chandrapura Thermal Power Station in Jharkhand. 

Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India Limited , said, "We have had a solid start to the financial year, positioning us well to serve India's ambitious energy transition goals. As the nation's power landscape evolves, we remain committed to a disciplined strategy of pursuing margin accretive growth while maintaining operational excellence. To better serve our customers, we are investing in capex to strengthen our capabilities across HVDC, transformers and reactors, gas-insulated switchgear, circuit breakers, instrument transformers, disconnectors, bushings, and air-core reactors."

As Dish TV India Limited accelerates its transformation into a diversified digital entertainment group, it continues to strengthen the leadership of VZY, its connected digital entertainment platform, with Varun Jha serving as Chief Business Officer (CBO). In this role, he is responsible for driving business growth, strategic partnerships, and strategic initiatives to scale VZY as a key pillar of the group's expanding non-DTH portfolio.
In his role, Varun will lead the overall business charter for Vzy, spanning growth, monetisation, partnerships, consumer strategy and new business opportunities, as Dish TV accelerates its transformation into a broader connected digital entertainment group.

Mohit Goel, Managing Director, Omaxe Ltd., said, "The RBI's decision to keep the policy rate unchanged reflects a balanced approach amid global uncertainty, inflation concerns, and geopolitical risks. At the same time, India's economy remains strong, driven by infrastructure development, urbanisation, and steady end-user demand. The rate cuts over the past year have already improved affordability and boosted buyer confidence. Maintaining the current rate now provides much-needed stability and certainty for both homebuyers and businesses."

Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa & Resorts Pvt. Ltd., said, "The RBI's decision to maintain the repo rate at 5.25% provides a welcome sense of stability at a time when consistency in policy is as important as market confidence. A stable interest rate environment encourages long-term homeownership decisions and reinforces positive sentiment among end-users. It also complements the strong fundamentals emerging across Tier 2 markets, where infrastructure-led development and evolving lifestyle aspirations continue to shape demand. As the sector matures, this kind of policy continuity will support thoughtful, sustainable growth and encourage the creation of well-planned communities that deliver long-term value."

Binitha Dalal, Founder & Managing Director, Mt. K Kapital, said, "I welcome RBI's decision to maintain status quo on the repo rate. This is the appropriate call at this juncture, much needed at the current time, particularly with inflation beginning to breach the 4% target on the one hand, and the geopolitical situation remaining far from settled on the other. With the West Asia conflict continuing to evolve, supply chains into India remain constrained across several sectors, and this is beginning to visibly reflect in inflation pricing. The rupee, too, continues to trade under depreciation pressure against the dollar. These are structural headwinds and they will progressively narrow the MPC's room to hold a neutral stance. The RBI has, encouragingly, revised its FY27 growth forecast upward to 6.7%, from 6.6% earlier, signalling continued confidence in domestic demand even as external risks mount. However, for the country to actually deliver on this upgraded trajectory, meaningful reform will be required on the government's part pending which, achieving this growth rate will be considerably more challenging. It is therefore critical, going forward, to watch what kind of policy preparedness both the RBI and the central government front-load; an accommodative pivot from the RBI, complemented by supportive fiscal reforms from the government so that India stays ahead of the curve on growth, rather than merely reacting to the headwinds posed by the West Asia crisis."

Ankita Pathak, Head - Global Investments, Ionic Asset

The RBI Governor was incrementally positive on India's growth and inflation outlook in the August 2026 policy. Inflationary pressures remain largely confined to food and energy, driven primarily by supply-side factors, with no broad-based/demand led price pressures evident as of now. While major DMs have either tightened or are moving towards a tighter monetary policy amid persistent inflation risks, the RBI appears comfortable remaining on a wait-and-watch path, with no urgency to raise rates and thereby has maintained stance at "neutral". A hold by US FOMC  also allows RBI to remain data dependent. In the impossible trilemma of growth, inflation and currency, currency is getting cushioned by fiscal and monetary measures allowing RBI to focus exclusively on growth and inflation, both of which reasonably comfortable in the current macro landscape.

Ankit Aggarwal, Managing Director, Devika Group

The decision made by the RBI to maintain the repo rate unchanged at 5.25% highlights the significance of the stability of the policy when there are still uncertainties prevailing in the market that could affect the economy. In terms of the real estate industry, predictability in the borrowing rate would be more preferable compared to constant changes in it since the real estate developers can have enough time to conduct their plans. The home buyers will also be able to buy the properties with confidence since the risk of higher cost of money will not occur. However, although the monetary policy plays an important role in the housing demand, nowadays the drivers of it include the development of the infrastructure, urbanisation, and end-user demand. Moreover, the emerging destinations such as Vrindavan become attractive for investors because of better connectivity, increased tourism, and further development.

Rs 50 crore strategic investment reinforces the company's expansion roadmap, strengthens its presence in Gujarat, and reflects its commitment to building world-class leisure destinations across India.
 
India, 06 August 2026: Imagicaaworld Entertainment Limited, India's largest amusement and water park operator, today announced that it has signed an investment agreement to acquire a 50% equity stake in Mehsana Next Parks Private Limited (MNPPL), the Special Purpose Vehicle (SPV) established to own, operate and expand Shanku's Water Park in Mehsana, Gujarat.

The investment marks another significant milestone in Imagicaaworld's expansion strategy, which is focused on scaling its presence across high-growth markets through strategic partnerships, operational excellence and disciplined capital deployment. By partnering with established regional destinations, the company is building a stronger nationwide network of leisure assets while elevating guest experiences and creating sustainable long-term value.

The Thesis
The decisive catalyst - Brent at $79.3, falling on Iran-Oman Strait of Hormuz shipping corridor agreement - compresses input costs across India's auto and industrial supply chain in a single move. With VIX at 11.68 (a four-month low) and India's tax overhaul clearing the path for offshore funds, the Nifty 500's muted 0.19% close masks a decisive rotation into domestic cyclicals.

Where We're Concentrated
The basket concentrates in auto supply chain, consumer financial services, and premium hospitality - three sectors where lower crude rewrites cost and credit simultaneously. Auto OEMs and components gain from polymer, aluminium, and steel cost compression as Brent retreats; CV-linked NBFCs see NPA trajectories improve; EIH captures falling-crude consumer travel demand. The thesis breaks if the Hormuz deal collapses on IRGC resistance or Brent rebounds above $85.

Conviction Picks
Highest Conviction
Samvardhana Motherson International
Global auto supply chain leader benefiting as Brent's retreat toward $79 compresses polymer and metal input costs.
Bajaj Finserv
Insurance and consumer credit franchise thrives as VIX at 11.68 signals rising risk appetite and household spending.
EIH Ltd
Oberoi's premium hospitality franchise gains as lower crude unlocks consumer travel wallets and VIX stays near 12.
Mahindra & Mahindra
UV cycle leadership and EV expansion accelerate as lower Brent trims steel and battery material costs for India's top OEM.
Shriram Finance
CV-linked NBFC where trucking fleet recovery and Brent sliding toward $79 directly compress gross NPA additions.
One Thing to Watch
Brent holding below $80 is the load-bearing condition - an IRGC veto on the Hormuz corridor or a deal collapse would spike crude above $85 and flip the auto and NBFC tailwind negative across the basket.

CCPA has penalised nine digital platforms for using what are known as "dark patterns" -- website and app designs that can manipulate users. Read full report here

PhonePe today announced the official launch of Fixed Deposit (FD) Distribution on its platform, partnering with prominent Banks and NBFCs. Expanding its comprehensive financial services suite, PhonePe  in  partnership with Shivalik Small Finance Bank has also introduced an innovative, first-of-its-kind digital micro-savings product - the Daily Recurring Deposit (SIP). This offering enables users to build a disciplined savings habit with investments starting at just Rs 100 per day.

The launch enables opening FDs directly within the PhonePe app, designed to act as a stable, low-risk savings option. Users can seamlessly discover, compare, and instantly book FDs from trusted partners. FDs booked with the partner banks are insured up to Rs 5 Lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), as per Reserve Bank of India (RBI) guidelines. Additionally, it enables users to invest across multiple banks and facilitates  seamless management of all their FDs within the PhonePe app. 
 

Akshat Siddhant, Lead quant analyst, Mudrex

Crude oil has declined to around $75 a barrel, down nearly 10% this week, as progress toward a temporary shipping agreement between Iran and Oman for the Strait of Hormuz eased concerns over supply disruptions. Meanwhile, gold has climbed to a seven-week high near $4,300 per ounce, and silver has risen above $62, supported by softer US economic data and shifting interest rate expectations. A weak July ADP employment report, showing 44,000 jobs added against expectations of 70,000, has led markets to price in just one Federal Reserve rate hike this year instead of two. Investors should watch $75 as key support for oil and $4,300 as an important level for gold.

The RBI's decision to keep the repo rate unchanged while retaining the neutral stance provides greater certainty for borrowers and lenders at a time when credit growth and funding conditions for the NBFC sector remain healthy. A stable interest rate environment should help sustain credit momentum across the sector.
 
For NBFCs such as Manappuram Finance, the current policy environment allows us to continue expanding access to credit across retail, MSME, and self-employed customer segments. It also enables customers to make informed borrowing decisions with better visibility on their repayment obligations. The policy also comes at a time when the NBFC sector continues to demonstrate resilience, supported by strong capital buffers, improving asset quality and healthy profitability, which should provide a strong foundation for sustainable credit expansion. It is heartening that the Governor himself flagged the sector's strong capital position, better asset quality and improved earnings - a validation that reinforces confidence in the NBFC space.

The RBI's proposal to harmonise and standardise the framework governing interest rates on advances will promote greater transparency and consistency in lending practices, benefiting both borrowers and lenders.

 Manappuram Finance remains committed to supporting inclusive growth through responsible lending, prudent underwriting, and a strong customer-centric standard.

A homegrown AI orchestrator that connects disparate systems into one intelligent, secure, and instantly accessible source of truth.
New Delhi, India, 5 Aug 2026, Aziro, an Al-first product engineering company today announced the launch of CAWi, an AI-native assistant built to solve a problem every large organization quietly lives with, all the information in the world, but none of it talking to each other. CAWi was not built in a lab chasing a trend. It was built inside Aziro, out of necessity, after years of watching teams lose time and momentum simply trying to find the right document, the right approval, or the right answer buried across a dozen different systems.
An orchestrator is what drives CAWi. The platform does not go about centralizing or making copies of sensitive information; instead, it forges a secure link to the internal systems you already have in place. This is done via governed access with the appropriate permissions so as to honour your compliance and data privacy obligations. And yet the end user is presented with one seamless experience. 
What sets CAWi apart from Claude, GPT and other AI assistants is that it does not end with the search. It analyzes natural language, finds the right answer from the database belonging to the organization and performs the next action, sends the reminder, schedules the meeting, initiates the workflow, without the need for a user to switch between five applications. It works natively in the systems used by the company, adheres to the data and access policies of each particular system, does not disclose any sensitive information, which is never accessible to outside models. All of it comes back in one place, one click away.

Vingo, a consumer-to-consumer (C2C) marketplace for buying and selling pre-owned products, has raised Rs 10 crore (approximately $1.2 million) in a seed funding round led by IndiaQuotient. Inuka Capital and angel investor Rishabh Goel, Founder of Credgenics, also participated in the round. The platform is live on the Play Store and App Store and currently operates in Bangalore.

The funds will be used to strengthen Vingo's product, invest in its trust infrastructure, deepen research into user behaviour and support targeted marketing across key user communities.

Founded in March 2026 by engineering undergraduate students Parth Sarthi (BITS Pilani), Saransh Goyal (IIT Delhi) and Krish Vashistha (IIT Delhi), Vingo is built on the premise that in consumer-to-consumer commerce, the person behind a listing is as important as the listing itself. The founders observed that transactions between individuals often fail to conclude because buyers and sellers have limited information about one another. Vingo addresses this through a trust infrastructure that combines identity, community-led discovery, escrow-backed payments and bidding within a single platform.

Rubrik (NYSE: RBRK), the Security and AI Operations Company, announced Rubrik Agent Identity, a powerful new AI-based solution to manage and control AI agents' access and permissions, addressing a key obstacle in enterprise agent deployment.

AI agent deployments are rapidly evolving, with the potential to execute complex, automated workflows across SaaS applications, databases, and APIs at unprecedented speed and scale. Yet most organisations lack the capability to monitor and control agent access and actions at the necessary speed and scale. Rubrik Agent Identity is designed to reduce operational vulnerabilities that stem from agent identities by allowing customers to both monitor every agent and model context protocol (MCP) at runtime using AI, and to deliver just-in-time permissions per tool call.  

"Agents are no longer just synthesising information, they are acting on behalf of employees, and using the access models we built for humans. Static credentials were never designed for autonomous actors," said Dev Rishi, General Manager of AI at Rubrik. "Agent Identity lets enterprises decide who can do what with agents and enforces it at each tool call, at the moment of action, with scoped, short-lived access. With Rubrik Agent Cloud, enterprises can govern agent activity, enforce identity-aware policies, and apply semantic policy evaluation before sensitive actions execute."
 

Arun Poddar, CEO, Choice International Limited: "The RBI's decision to maintain the policy repo rate at 5.25% while retaining a neutral stance reflects its cautious approach amid geopolitical tensions in West Asia and evolving global uncertainties. The upward revision in the FY27 GDP growth forecast to 6.7% from 6.6% signals confidence in India's domestic growth outlook. A stronger growth outlook is constructive for equity markets as it improves corporate earnings visibility and strengthens investor sentiment. However, with inflation risks linked to crude oil prices and global developments still in focus, the RBI is likely to remain data-dependent over the coming months..

The RBI's assessment of a resilient domestic economy, supported by healthy banking and NBFC fundamentals, a sustainable current account deficit and buoyant FDI inflows, provides a positive backdrop for capital markets. These factors are expected to support investor confidence and encourage sustained participation across equity and debt markets despite external volatility.

Beyond the rate decision, the proposed introduction of the Closing Auction Session (CAS) is a progressive reform aimed at strengthening price discovery and bringing Indian markets closer to global best practices. While the initiative has the potential to improve market efficiency and transparency over time, its successful implementation will depend on adequate operational clarity and market-wide preparedness to ensure seamless adoption by all participants. Overall, the policy strikes a prudent balance between preserving macroeconomic stability and advancing structural market reforms, reinforcing confidence in India's long-term capital market and investment outlook."

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Nischal Shetty, founder, WazirX

"Global markets remained supported by hopes that the Strait of Hormuz could reopen, easing concerns around energy supplies. US equities reached record levels, while lower oil prices and bond yields created a favorable backdrop for the market.

Institutional demand remained visible despite range-bound prices. US spot Bitcoin ETFs recorded $211.5 million in net inflows, while spot Ethereum ETFs attracted $53.8 million. CryptoQuant also reported renewed accumulation among large Bitcoin, Ethereum, and XRP holders during the broader market slowdown.

Weaker-than-expected US employment data strengthened both the Japanese yen and the Canadian dollar as markets increased expectations of a Federal Reserve rate cut. For crypto, a more dovish Fed could improve global liquidity and weaken the dollar, conditions that have historically supported risk assets like Bitcoin and Ethereum. However, upcoming US inflation data remains the key catalyst that could determine the outcome.

Bitcoin traded 0.12% lower at around $64,469, showing limited movement despite ETF demand. Ethereum declined 0.54% to approximately $1,895 but remained above key daily moving averages.

Bitcoin has immediate support around $64,000-$64,400, while $65,000 remains the key resistance needed to extend its recovery. Ethereum could find support around $1,885-$1,890, with resistance at $1,900 and then $1,950-$1,956.

Futures traders could monitor price confirmation alongside open interest and funding rates. BTC traders may wait for a sustained break above $65,000 before considering stronger bullish positioning. For ETH traders, a rise above $1,956 could expose approximately $767 million in short positions to liquidation. Conversely, a fall below $1,780 could place around $786 million in long positions at risk across major centralized exchanges."

Riya Sehgal, Research Analyst, Delta Exchange

Gold has emerged as the strongest-performing major asset over the past 24 hours, climbing to a seven-week high near $4,286 per ounce after registering its sharpest daily advance in several months. The move has been driven by a combination of lower US Treasury yields, a softer dollar and renewed safe-haven demand amid lingering macro uncertainty. From a technical perspective, the breakout above the $4,160-4,180 resistance zone has reinforced the bullish structure, with momentum indicators remaining positive. The next key resistance is positioned around $4,300-4,340, while the $4,220 region is expected to provide immediate support on any near-term pullback.
In the cryptocurrency market, Bitcoin is consolidating near $64,500 after its recent recovery, indicating that buyers remain in control despite some profit-taking at higher levels. The broader trend remains constructive while the price holds above $64,000, although a decisive break above the $64,800-65,000 resistance zone will be required to trigger the next leg higher toward $65,500-66,000. Ethereum is displaying a similar pattern, holding above its breakout support near $1,878 after rejecting the $1,920 area. Sustaining above support would keep the bullish structure intact, while a move above $1,925 could pave the way for an advance toward $1,950.
US equities delivered a mixed performance, reflecting a market that continues to balance resilient corporate earnings with uncertainty around the economic outlook. Investors are now closely monitoring upcoming US macroeconomic data, particularly labour-market indicators, as they will be key in shaping expectations for Treasury yields, the US dollar and overall risk sentiment across both traditional and digital asset.
...

Sarika Grover, Co founder of LoansJagat

Today's Monetary Policy Committee review ended with the repo rate held at 5.25%, a unanimous call, and the neutral stance carried forward. SDF sits at 5%, MSF and bank rate at 5.5%.
FY27 growth got a lift too. The forecast now stands at 6.7%, up from 6.6%, as Governor Sanjay Malhotra pointed to steady consumption, manufacturing strength and healthy credit expansion.
Inflation moved the other way. FY27 CPI is now estimated at 5%, 10 bps lower, moving unevenly through the year: 5.3% in Q1, 4.7% in Q2, 5.9% in Q3, easing to 5.5% in Q4. Core inflation is projected at 4.3%, with food and fuel driving most of the headline pressure.
The RBI also issued draft guidelines to resume UCB licensing and proposed standardising interest rate rules across regulated entities. Malhotra flagged the West Asia conflict as the key external risk to watch.
For borrowers, EMIs stay unchanged. FD holders may want to lock in current rates.

Vikram Subburaj, CEO, Giottus.com

Bitcoin traded near $64,490 at 8.25 am IST on August 6, after gaining about 0.2% over 24 hours. Its market capitalisation stood at approximately $1.29 trillion, while daily trading volume remained modest at $22.6 billion. The asset has now spent several weeks inside a $60,000-$67,000 range.

The $63,000 region has become the centre of that range. Glassnode data show that nearly 515,000 BTC last moved around this price. That represents more than 3% of Bitcoin's circulating supply. The same data place another 362,000 BTC around $61,000. Bitcoin's 200-week moving average is also close to $63,657. These cost concentrations give buyers a defensible zone between $61,000 and $63,700.

The first immediate support lies between $63,650 and $63,900. A break below this zone would bring $63,000 back into focus. Failure at $63,000 could expose $62,600 and then the larger cost base near $61,000. The first resistance is at $65,000. Bitcoin approached this level during the latest 24-hour session but stopped near $64,931. A stronger supply zone lies between $66,000 and $67,000. A close above $67,000 would break the multi-week range. A move above $65,000 alone would be an improvement but not confirmation. Bitcoin has already failed to sustain an earlier recovery above $66,000.

ETF flows offer the clearest evidence that institutional demand is trying to return. US spot Bitcoin ETFs recorded a net outflow of $265.4 million on July 31. They reversed with inflows of $170.1 million on August 3 and $211.5 million on August 4. The completed August 3-4 sessions therefore attracted $381.6 million. A provisional $47.6 million followed on August 5. The 3-session inflow could reach $429.2 million once every fund reports its final figure. The rebound is meaningful because June saw ETFs shed an estimated 65,800 BTC. That was their worst monthly withdrawal since the products began trading in 2024. A 3-day reversal cannot by itself repair a withdrawal of that scale.

ETF demand also remains concentrated in 2 products. BlackRock's IBIT has received approximately $60.5 billion since launch. Fidelity's FBTC has attracted about $9.95 billion. 

The on-chain picture is stronger than the price chart initially suggests. Every wallet-size cohort was accumulating near $63,000. Retail wallets and whales holding at least 1,000 BTC showed the strongest demand.

Macro calendar
The macro calendar could supply the trigger that the present range lacks. The US employment report is due on August 7. Market estimates point to 80,000-83,000 new jobs and an unemployment rate of 4.2%. The earlier ADP report showed only 44,000 private-sector jobs in July. Economists had expected approximately 75,000. A similarly weak official report could reduce the probability of another rate increase. Inflation data will follow on August 12 and August 13. July CPI is due on August 12, while July PPI is scheduled for August 13. June producer inflation had reached 5.5% from a year earlier.

The Federal Reserve's preferred PCE inflation measure is due on August 26. Headline PCE was 3.7% in June. That remains well above the Fed's 2% target. The Fed held its policy range at 3.50%-3.75% on July 29. However, 3 policymakers supported an increase. The September 15-16 meeting will therefore depend heavily on the next employment and inflation readings.

Altcoins have yet to confirm a broader recovery. Ethereum gained 1.25% to approximately $1,896. BNB fell 1.50% to about $593. XRP declined 2.59% to nearly $1.05. Solana lost 0.85% to trade around $73.49. TRON gained 0.35% to approximately $0.328. CoinMarketCap's Altcoin Season Index stood at 44 out of 100. That reading continues to classify the market as a Bitcoin-led phase. A sustainable altcoin advance will require stronger participation than the mixed 24-hour performance of the top 5 non-stablecoin assets.

Our advice: For investors, $63,000 is the level that defines near-term risk. The $67,000 ceiling defines whether the recovery has become a breakout. Until one of those 2 boundaries gives way, position size matters more than conviction.

Vaishali Patel, Senior Manager - Research- Technical Department at Jainam

The Nifty 50 opened with a positive note, traded in a range and close at 24,624.65 (0.04%).  Overnight, U.S. markets ended mixed, with the Dow Jones rising to another record close and the Nasdaq declined as weakness in technology stocks offset gains in industrials and healthcare.

Asian markets traded lower this morning, led by a sharp sell-off in technology shares. Crude oil remaining stable as markets monitored ongoing U.S.-Iran talks and balanced geopolitical risks against global demand concerns. GIFT Nifty indicated a muted-to-cautious opening for Indian equities

Technically, The Nifty is currently navigating a critical technical zone after extending its recovery from the recent lows. While the index has reclaimed key short-term moving averages, it is now approaching a formidable resistance band around 24,600-24,700, an area reinforced by the downward-sloping 200-day moving average and historical supply on the daily chart. The inability to sustain above this zone indicates that sellers continue to defend higher levels. A convincing close above 24,700 would mark a significant technical breakout, and potentially drive the index towards 25,000 in the near term. Conversely, failure to clear this hurdle could keep the index range-bound, with immediate support placed at 24,300. Unless these support levels are violated, the trend is expected to remain intact, with any near-term weakness likely to be viewed as a buying opportunity rather than a trend reversal.

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 ended Wednesday's session almost unchanged at 24,624.65, gaining 9.75 points or 0.04%, as investors digested the RBI's policy outcome and fluctuating crude oil prices. While the central bank's decision to keep the repo rate unchanged at 5.25% with a neutral stance was largely on expected lines, a sharp intraday rise in Brent crude to around $80.70 per barrel following an attack on a Saudi tanker erased early gains. Sectorally, metals and auto stocks provided support, whereas banking, IT and healthcare stocks witnessed profit booking, with the Bank Nifty ending 0.29% lower. Globally, Wall Street delivered a mixed performance overnight, with the Dow Jones advancing 0.49% on strong earnings from Eli Lilly and Amgen, while the S&P 500 slipped 0.2% and the Nasdaq declined 0.8% amid weakness in semiconductor stocks.

Asian markets are trading lower this morning, while crude oil remains the key variable for market direction. Brent crude has eased below the $80 mark after reports suggested progress in diplomatic talks involving the US, Iran and Oman aimed at reopening the Strait of Hormuz, offering some relief to concerns over India's import bill. GIFT Nifty is indicating a mildly positive start, trading around 24,640, nearly 49 points above Wednesday's close.

Technically, the Nifty continues to maintain a neutral-to-positive bias. A decisive move above 24,700, , would strengthen bullish momentum and pave the way towards the 25,000 milestone. On the downside, immediate support is placed at 24,500, below which the index could drift towards the 24,350-24,300 zone. Sustained softness in crude prices may improve market sentiment, while any setback in the Hormuz negotiations could quickly revive volatility.

Prateek Gupta, Head of Business, Mudrex

Bitcoin continues to trade between $64,000 and $64,700, remaining within the broad range that has defined price action for the past two months. Notably, the S&P 500 has closed above Bitcoin on a relative-performance basis for the first time since 2012, ending Bitcoin's 14-year streak of outperforming stocks. Despite this, the US spot Bitcoin ETFs still added $381.6 million over the past two sessions, supporting BTC's price. On-chain data, however, points to emerging weakness as long-term holders sold more than 11,500 BTC in the first two days of August. $65,000 continues to act as the resistance zone, while immediate support has moved up to $64,000. 

"BTC remained range-bound near $65K despite a broader risk-on move across global markets. The S&P 500 extended its record rally to 7,793, supported by broad participation across US equities, while gold surged 2.8% to a six-week high of $4,213 per ounce. Gold's rise was driven by 14 consecutive days of inflows into Chinese gold ETFs and continued buying by China's central bank. For BTC, a sustained recovery may require stronger spot ETF inflows, softer US Treasury yields and lower expectations of further Federal Reserve rate hikes over the coming sessions."

At the close on Wednesday, the total market cap of all BSE Sensex companies stood at Rs 4,92,43,975.